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The Macerich Company (NYSE: MAC) – Is this large market cap stock undervalued?

The Macerich Company (NYSE: MAC), is firmly in the large market cap category with market cap of 11471.66. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for The Macerich Company is 80.65 (with a change from open of 0.44%), this in conjunction with a target price of 87.31. Volume today has so far reached 198703, with an average volume of about 922.22. The GAP for this stock, is 0.00%.

The P/E ratio is 13.38, bringing the forward P/E to a value of 66.58. The current EPS for The Macerich Company, is 6, with a EPS growth for this year coming to a value of -70.60%. Performance has been interesting with performance year to date coming to 2.15%.

Looking further into the growth statistics for The Macerich Company, EPS is looking like it will grow -67.64% in the next year. Looking even further it is projected to be 6.77%. Quarter over quarter is 241.80% for EPS growth and for sales growth quarter over quarter it is -19.50%. Looking at past EPS growth statistics we see that for the past five years it has been 62.20%. Sales growth for the past five years has in fact been 12.60%.

Looking at the ownership, we see that the insider ownership is at 0.66% and institutional ownership is 99.50%. Shares outstanding is 142.86, while shares float is at a value of 142.75. Float short for The Macerich Company is 1.65% and the short ratio is 2.55.

In terms of debt, long term debt/equity is 1.16, while the total debt/equity comes to 1.16. The ability to meet these debts, means that the current ratio is , and the quick ratio is . The most recent gross margin is 62.50% and their operating margin is 9.70%. The profit margin is 78.50%.

The Macerich Company has seen returns on assets of 8.20%, and on investment, 0.90%. Return on equity is 19.20%. Price/Earnings to growth ratio is 1.98. Price/Sales ratio is at a value of 9.86, with Price/book ratio coming to 2.78 and Price/cash is 156.93, and finally Price/Free cash Flow is .

The simple moving averages are -4.62% and 2.01% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -13.96% and the 52 week low is 16.96%.

The Macerich Company has a dividend yield of 3.39%, with a current price of 80.65. The ability to pay this means the payout ratio is 44.80%. This is in an industry, REIT – Retail, with equally high dividends from other companies in this sector, which it is Financial. The Macerich Company is based in USA.

Performance in the REIT – Retail industry means that The Macerich Company has seen performance for the past week of 0.34%, with performance for the month coming to -3.33%. Looking at the data for the quarter it is at a value of 1.17%, and for the half year the performance is 14.21%. Volatility for this week is 1.73% and for the month this is 1.61%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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